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Sunday, January 4, 2026
TopicG7

Topic: G7

Russian crude refined in third country is no longer a ‘product of Russia’, says US Treasury official

At an event in New Delhi, US treasury official Anna Morris says Washington has not asked India to reduce its purchase of Russian crude. India was top buyer of Russian oil in 2023.

India’s solar energy experience pivotal to Africa outreach, says International Solar Alliance D-G

Ajay Mathur, director general of International Solar Alliance, says pioneering efforts in solar mini-grid sector have played crucial role in advancing solar energy accessibility.

G7 calls for humanitarian pause in Gaza, release of Israelis taken hostage by Hamas

After a two-day meet in Tokyo, G7 foreign ministers condemned Hamas attack while calling for passage to ensure humanitarian aid reaches Gaza.

G7 ministers rely on China to press Russia for complete withdrawal from Ukraine

The statement comes as China's top diplomat, Wang Yi, visits Russia for a four-day trip during which both nations are expected to pledge deeper political ties.

China wants to turn BRICS into an anti-G7 grouping. And push yuan instead of common currency

Beijing is targeting to induct countries like Saudi Arabia and Indonesia into BRICS, which are relatively agnostic about Chinese ideas of trade and investment.

Middle power era is here. India can’t afford to miss the bus again

The two contesting powers US and China are also having to look for allies, supporters, and strategic partners from among middle powers.

‘G7 and like-minded countries’ must continue sanctions on Russia over Ukraine, says Japan

Japan's foreign minister Yoshimasa Hayashi, who made the comments, said he hoped the sanctions would encourage Russia to put an end to its aggression in Ukraine 'as soon as possible'.

G7 talks of restricting trade in Russian diamonds stoke unease in Surat, traders await ‘fine print’

Traders in Surat say rough diamonds that arrive in India are 'substantially transformed'. Any G7 sanctions on Russian diamonds will negatively hurt industry, they fear.

US debt standoff overshadows G7 finance leaders’ meeting

The US debt crisis is a headache for Japan, which is this year's G7 chair and the world's biggest holder of US debt.

Japan to invite emerging nations to G7 finance leaders’ meeting

Japan is chair of this year's meeting of G7 advanced economies. The meeting of finance ministers and central bank governors is scheduled to be held in Niigata on 11-13 May.

On Camera

Wall Street carries big expectations this year after best run since 2009

The concern is not that 2025’s rally was irrational, but that it may be difficult to repeat. Outlooks remain anchored to AI investment and growth without reigniting inflation.

Greece looking at TATA’s WhAP infantry combat vehicle for army procurement

If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.

A year-end Mea Culpa in National Interest—The Army-Islam combo doesn’t kill democracy

Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.